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A modern monetáris elmélet és a gazdaságpolitika keretei
[Modern monetary theory and the frameworks of economic policy]

Author

Listed:
  • Botos, Katalin

Abstract

A modern pénz teremtett pénz. A tanulmány bemutatja két modern monetáris elmélet főbb elemeit s azok relevanciáját a gazdaságpolitika számára. A fő kérdés, hogy ki és hogyan teremti a pénzt. A modern monetáris elmélet (MMT) szerint szabad a gazdaságot költségvetési hiány keletkezése árán is élénkíteni. Nem bátorít deficitre, de nem tartja jó célnak, hogy mindenáron törekedjünk a költségvetési egyensúlyra. Úgy véli, hogy szuverén államok nem mehetnek csődbe, ha pénzt teremtenek észszerű célokra, amennyiben van elég szabad termelési tényező a gazdaságban. Ez azonban nem igaz azokra a gazdaságokra, amelyek nem teremtői, csak felhasználói mások valutájának. Úgy véli azonban, hogy a monetáris és a fiskális politikának szorosan együtt kell működnie, s a fiskális politika alkalmasabb a gazdaságpolitikai célok finomhangolására. Egy másik iskola, a Positive Money szerint meg kellene tiltani, hogy a kereskedelmi bankok pénzt teremtsenek.

Suggested Citation

  • Botos, Katalin, 2025. "A modern monetáris elmélet és a gazdaságpolitika keretei [Modern monetary theory and the frameworks of economic policy]," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(2), pages 203-213.
    • Handle: RePEc:ksa:szemle:2235
    DOI: 10.18414/KSZ.2025.2.203
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    References listed on IDEAS

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    1. Adair Turner, 2015. "Between Debt and the Devil: Money, Credit, and Fixing Global Finance," Economics Books, Princeton University Press, edition 1, number 10546.
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    More about this item

    JEL classification:

    • E12 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Keynes; Keynesian; Post-Keynesian; Modern Monetary Theory
    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
    • E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy; Modern Monetary Theory
    • E63 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Comparative or Joint Analysis of Fiscal and Monetary Policy; Stabilization; Treasury Policy

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